Bank of England: Delaying interest rate reductions will weaken the UK economy
A report warns that the UK economy is headed for a slow recovery after the recession, and the Bank of England may…
Yearly Archives
2024
Kingfisher owner B&Q is impacted by sluggish French sales
Kingfisher's hopes of a recovery have once again been dashed after the DIY retailer saw its profits fall due to…
British homes are smaller, older and more expensive than those overseas
A report says that Britain's housing is "expensive and cramped" with an ageing population. It offers the lowest…
As Treasury “stifles” offshore wind, energy prices could rise
A new report claims that consumers could see their energy prices rise further because the government is blocking…
Merlin’s record revenue keeps wheels spinning
Merlin Entertainments announced today the purchase of the Orlando Wheel in Icon Park, Florida. It is the tallest…
Insurance premiums are soaring, giving the Treasury a windfall in tax revenue
The rapid increase in premiums for car, pet and home insurance has brought the government a windfall worth more…
Wind farms investigated for ‘overcharging by £100m customers’
Wind farms owners are under investigation by the energy watchdog over alleged market manipulating after being…
US investment funds withdraw $13.3bn in BlackRock’s anti-ESG campaign
Red state investment funds pulled $13.3bn out of BlackRock, the world's biggest asset manager, nearly two years…
China bans use of Intel and AMD in government computers
China has issued new guidelines which will see US microprocessors such as Intel and AMD phased out from government…
US and Japan to upgrade security pact, the biggest in 60 years
In an effort to counter China, the US and Japan plan to upgrade their security alliance to its highest level since…
Wes Streeting: NHS should “seek to utilize” private healthcare…
Wes Streeting, the shadow health secretary, has stated that he would like the NHS to rely on the private sector for…
The diamond trade in Europe is a fading industry as Russian sanctions bite
In an office in Antwerp in Belgium, four piles of small grit-like stones are piled on the desk. It's hard to…
AI-powered robots can stand up on their own.
The green robot, standing at knee height, shuffled up to the stage of the San Jose Convention Center. A crowd of…
Founder Emad Mostaque exits AI picture start-up StabilityAI
Emad Mostaque has left Stability AI. The pioneering start-up that he founded in order to create images at will.…
Virgin riches: Richard Branson’s tight control over his brand allows him to…
Sir Richard Branson waived over £100 million he was due to receive from Nationwide Building Society in exchange for…
Whitbread closes down Beefeaters, Brewers Fayre and other pubs
Whitbread will sell or convert one third of its Beefeater pubs and Brewers Fayre estates after a failed private…
Man City owner Sheikh Mansour circles The Ivy chain as it goes up for auction
Between West Street and Litchfield Street, in London's Covent Garden is The Ivy. It is both a haven for…
Avanti Train drivers to receive £100k in overtime pay
As part of its efforts to improve service, the intercity train operator Avanti struck an overtime agreement with…